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Market Reports

Mid-Day Gold & Silver Market Report – 8/17/2011

SAFE HAVEN BUYING KEEPS GOLD STRONG; SILVER “CATCHING UP” Gold has continued to trade steady today with small gains from early morning prices as consumers look to venture back into stocks and take profits in gold as it nears $1,800.  Silver makes gains this afternoon “catching up to gold,” says George Gero, senior vice president at RBC Capital Ma... Read More

Morning Gold & Silver Market Report – 8/17/2011

EURO ZONE PLAN BRINGS NO RELIEF TO EQUITY MARKETS Overseas trading was mixed last night, while U.S. Stock futures are poised to open higher. Gold prices have continued to climb since yesterday’s gains. Silver, which has not experienced the same recent gains as gold, has also trended up the past several days and is once again above $40/oz. The highly anticipated meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel yesterday Read More

Closing Gold & Silver Market Report – 8/16/2011

STOCKS SNAP WINNING STREAK, INVESTORS GET GOLD FEVER – Gold is up since the mid-day commentary, and stock closed for a loss of around 1%.  The market seems jittery after hearing the announcement by leaders Sarkozy and Merkel regarding plans to deal with the EU debt crisis. Many traders were hoping for a “Eurobond” program, a system where the European Central Bank, instead of individual countries, would sell bonds to borrow money, and those bonds would be guaranteed by every co... Read More

Mid-Day Gold & Silver Market Report – 8/16/2011

INDUSTRIAL PRODUCTION UP, SOOTHING FEARS OF RECESSION … FOR NOW Since the stock market opened this morning, stocks have declined amid the news of Germany’s sluggish Gross Domestic Product growth.  Gold and silver have risen since the morning, adding to gains as investors look for a safe haven away from the volatile market.  Read More

Morning Gold & Silver Market Report – 8/16/2011

WEAK ECONOMIC DATA OUT OF GERMANY SENDS GOLD PRICES SOARING In overnight trading activity, gold and silver prices have risen sharply on reports of slow Gross Domestic Product (GDP) growth out of Germany. Slower than expected growth out of Germany is viewed as another indicator of a slowing global economy. Investor appetite for risk has abated, as equity markets are down worldwide and U.S. stock market futures are off by triple digits. Read More

Closing Gold & Silver Market Report – 8/15/2011

US STOCKS RALLY TODAY; GERMAN CHANCELLOR RESISTS SO-CALLED “EUROBONDS” Since the Mid-Day Gold & Silver Market Report posted by APMEX at 1:15 PM, the spot price of gold has risen from $1,769.00 to $1,770.50 (up $25.90 overall for the day) and the spot price of silver has risen from $39.69 to $40.04 (up $0.82 for the day). Reversing the massive drop seen la... Read More

Mid-Day Gold & Silver Market Report – 8/15/2011

ECB BUYS BONDS The European Central Bank announced that last week it began buying Italian and Spanish securities. According to Christoph Rieger, head of fixed-income strategy at Commerzbank AG in Frankfurt, “The market optimists will interpret this number as good news as it underscores the ECB’s resolve…Equally, the pessimists will point out that... Read More

Morning Gold & Silver Market Report – 8/15/2011

40th Anniversary of Coming off the Gold Standard! Forty years ago today, President Richard Nixon signed into a law a bill that would take the United States off the gold standard and signal to the rest of the world the end of the Bretton Woods agreement. The Bretton Woods agreement had fixed the price of the U.S. dollar to gold and the pri... Read More

Closing Gold & Silver Market Report – 8/12/2011

Wild Week of Ups & Downs Ends on a High Note This was one of the most volatile weeks for the stock market in recent memory, but with today’s 125 point gain, stocks are only down 1% for the week. Gold prices were down sharply for most of the day, but have rallied back up towards even as we come to the close.... Read More

Mid-Day Gold & Silver Market Report – 8/12/2011

CONSUMER SENTIMENT WORSE THAN EXPECTED A 30 year old low has been reached as the preliminary index of consumer sentiment slumped to 54.9. The projected number was 62 as of this morning but the official report has a much wider margin. The weak employment data and volatility in the markets lead a lot of economists to be... Read More

Morning Gold & Silver Market Report – 8/12/2011

GOOD NEWS IN U.S., EUROPE NOT TEMPERING DEMAND FOR SAFE HAVEN Retail sales for July increased by 0.5%, allowing stock futures to add to gains this morning.  Another closely-watched report to be released this morning is the University of Michigan’s August index of consumer sentiment.  Expectations are that sentiment will have fallen to 62.0 from 63... Read More

Closing Gold & Silver Market Report – 8/11/2011

TRADERS OPTIMISTIC AS JOBS DATA PROVIDES A GLIMMER OF HOPE – In another rollercoaster day, stocks have closed significantly higher while gold and silver are down slightly.  The jobless data, released this morning, helped to ease some fears that the U.S. was headed over the cliff of a double-dip recession.  The report showed initial unemployment claims to state agencies wer... Read More

Mid-Day Gold & Silver Market Report – 8/11/2011

STOCKS ARE UP – GOLD TAKES A STEP BACK Gold and silver are trading down today while the stock market is staging a small recovery.  Treasury prices are falling, with yields rising from near-record lows while traders look to stocks for riskier assets after the rally.  Read More

Morning Gold & Silver Market Report – 8/11/2011

JOBLESS CLAIMS DIP BUT U.S. TRADE DEFICIT WIDENS New U.S. claims for unemployment benefits dropped by 7,000, thus reaching a four month low. This was a better than expected result as expectations were for a slight upswing in benefits claims. The current seasonally adjusted total is 395,000. The four-week moving average for claims, which is considered to be the most important measure, dropped 3,250 to 405,00... Read More

Closing Gold & Silver Market Report – 8/10/2011

U.S. STOCKS FALL AMID EUROPEAN DEBT WORRIES; GOLD PRICES CONTINUE TO BREAK RECORDS Stocks in the U.S. fell to their lowest level in nearly a year as a result of general concerns about the overall global economy and specific concerns that the European sovereign-debt crisis won’t be adequately contained. The Dow closed with a 4.6% (520-point) drop, and the ... Read More

Mid-Day Gold & Silver Market Report – 8/10/2011

MARKETS’ OUTLOOK WORSENS The stock market has taken a downward turn, erasing the gains of yesterday, largely due to the relatively negative information coming out regarding France’s Societe General. Societe General is viewed as the largest bank in France and has seen a 21% decline. Bank of America and other large financial institutions are feeling the stock market pinch. ... Read More

Morning Gold & Silver Market Report – 8/10/2011

DOES YESTERDAY’S FED STATEMENT MAKE QE3 MORE LIKELY? According to Goldman Sachs, the answer would be yes. In a statement yesterday, chief economist at Goldman, Jan Hatzius said, "we now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early 2012. We have changed our call beca... Read More

Closing Gold & Silver Market Report – 8/9/2011

STOCKS RECOVER FROM YESTERDAY’S SELLOFF BUT BERNANAKE SAYS ECONOMY IS AT RISK – Stocks rose sharply today, recovering much of yesterday’s losses.  Gold held steady, still viewed by many as a safe haven asset in times of volatility.  The big news of the day was the release of the report from the Federal Open Markets Committee, a decision-making pan... Read More

Mid-Day Gold & Silver Market Report – 8/9/2011

FED MAY HAVE A LOT TO SAY TODAY The stock market is rebounding on the hope the Federal Reserve will come out with measures to help buoy the current economic condition facing the United States. The meeting is set for later this afternoon (2:15 pm ET) and speculation is mounting that Chairman Ben Bernanke may announce steps to ramp up g... Read More

Morning Gold & Silver Market Report – 8/9/2011

FOMC MEETING TO BRING NEWS OF QE3? U.S. stock futures are pointing to big gains this morning, a day after the 6th-worst drop in the Dow in history.  All eyes are once again on the Fed Open Markets Committee meeting today, as investors await news of another round of quantitative easing.  The FOMC meeting was originally not... Read More

Closing Gold & Silver Market Report – 8/8/11

DOW GIVES UP 634 POINTS – GOLD PRICES SOAR The U.S. stock market plunged today, fueling speculation that the Fed is going to be pressured to take action. This was the worst day since the credit crisis began last Monday and sent the Dow below 11,000. Few expect that the Fed would engage in another round of bond buying, (although it is an option), but they could choose to re-invest proceeds from maturing bonds into ... Read More

Mid–Day Gold & Silver Market Report – 8/8/2011

GOLD CLEARS $1700 AS EQUITY MARKETS SINK Gold prices are surging nearly 3%, as the U.S. Stock market heads the opposite direction. Gold prices continue to climb on the debt fears not only facing the U.S., but in the euro zone as well. The European Central Bank’s (ECB) move to purchase Italian and Spanish bonds has not calmed the markets. “Investors are looking upon the ECB bond-buying as the first steps towards th... Read More

Morning Gold & Silver Market Report – 8/8/2011

FRIDAY NIGHT’S NEWS ROCKS GLOBAL MARKETS After nearly 4 months on CreditWatch Negative, the sovereign credit rating of the U.S. was downgraded by Standard and Poor’s (S&P) late Friday night. Citing political bickering and an insufficient plan to stabilize the economy, the U.S. credit rating was changed to ‘AA+’ from the top-notch ‘AAA’ for the first time in history. S&P was the only one of the three major c... Read More

Closing Gold & Silver Market Report – 8/5/2011

DOLLAR FALLS AGAINST THE EURO; WALL STREET ENDS WORST WEEK SINCE 2008 Media reports out today that the European Central Bank (ECB) plans start purchasing Italian bonds caused the dollar to fall against the euro in trading this afternoon. Other currencies including the franc (Switzerland) and the yen (Japan) also outperformed the dollar as fears about the state of t... Read More

Mid-Day Gold & Silver Market Report – 8/5/2011

POLITICIANS TAKING HEAT FOR DOWNTURNED GLOBAL ECONOMY The root cause of global market conditions is seen by a number of economists as a direct failure of politicians, globally, to tackle their excessive sovereign debt problems. George Magnus, Senior Economic Adviser at UBS in London, said, "People have just become spooked by a crass failure of political leadership…Th... Read More

Morning Gold & Silver Market Report – 8/5/2011

PAYROLLS DATA EASES FEARS, BRINGS SUPPORT TO STOCK MARKET The highly anticipated payrolls report was released this morning, and it showed an increase of 117,000 jobs in July.  The unemployment rate fell .1% to 9.1%.  These numbers were better than expected, finally Read More

Closing Gold & Silver Market Report – 8/4/2011

STOCKS PLUMMET IN MASSIVE MARKET CORRECTION; RECESSION FEARS GROW In what is being called a “full-fledged correction,” stocks plummeted today as a stock market selloff the likes of which hasn’t been seen since the recession in 2009 took place. Investor fears about both the possibility of an imminent recession and the ongoing debt crisis in Europe resulted in a 4.31% drop in the Dow, a 4.... Read More

Mid-Day Gold & Silver Market Report – 8/4/2011

MARGINAL IMPROVEMENT IN JOBS DATA FUELS RECESSION TALK The main concern of economists regarding the jobless claims data is the proximity to the 400,000 range. There does not appear to be any good economic news that would lead them to think there would be a major drop in benefits claims. The downward trend is a step in the right direction, just not... Read More

Morning Gold & Silver Market Report – 8/4/2011

IS WALL STREET SIGNALING A NEW RECESSION? Stock futures are down this morning, and have remained so after the jobless claims report was released.  The report showed a drop in new claims, albeit a small drop, and the four-week moving average fell to its lowest level since April.  Gold and silver are both holding on to gains, gold near a record hi... Read More

Closing Gold & Silver Market Report – 8/3/2011

U.S. CREDIT RATING DOWNGRADES STILL POSSIBLE; GOLD CONTINUES RECORD TRADING Yesterday’s successful passage in Washington of a measure to increase the federal debt limit hasn’t eliminated fears that the U.S. could see a downgrade of its coveted AAA credit rating. Although Moody's Investors Service has said that they Read More

Mid-Day Gold & Silver Market Report – 8/3/2011

SURE A DEBT DEAL IS DONE, BUT… The service sector data, released earlier today put the fear of global recession on the table. World stock markets are taking tremendous hits. The disappointing data is not only U.S.-based, as it also includes Asia and Europe. According to Tom Porcelli, a U.S. Economist at RBC Capital Markets in New York, "Like (with) m... Read More

Morning Gold & Silver Market Report – 8/3/2011

TWO RATINGS AGENCIES KEEP U.S. AT AAA RATING WITH WARNINGS Credit ratings agencies Moody’s and Fitch have said that the U.S. sovereign debt rating will remain unchanged, but both companies said that a downgrade could still come in the future.  Moody’s placed the U.S. rating on a negative outlook, and gave warnings as to what would cause a downgrade.  One of the potential reasons for downgrade ... Read More

Closing Gold & Silver Market Report – 08/02/2011

DEBT LIMIT AGREEMENT PASSES; STOCKS FALL WHILE GOLD RISES After a prolonged fight between Republicans and Democrats, the long-sought measure needed to increase the federal debt limit was signed by President Obama today, after successfully passing in both the House and the Senate. The measure increases the U.S. debt limit until 2013, requires $2.4 trill... Read More

Mid-Day Gold & Silver Market Report – 8/2/2011

DEBT DEAL HAS THE VOTES BUT CAN IT CURTAIL DOWNGRADE TALK? The clearest hurdle to the passage of the debt ceiling measures in Congress boiled down to whether or not certain plans would have enough votes to pass through the House and Senate. The House voted 269-161 yesterday to send it to the Senate, which in the last ho... Read More

Morning Gold & Silver Market Report – 8/2/2011

ECONOMY FEARS OUTWEIGH ‘GOOD’ NEWS OF DEBT DEAL While the dominant story for many weeks has been the U.S. debt ceiling and whether Washington would avoid a sovereign default, now that a deal is seemingly imminent, most investors aren’t paying any attention.  House leaders approved a debt ceiling deal yesterday and a vote is expect... Read More

Closing Gold & Silver Market Report – 8/1/2011

DESPITE DEBT AGREEMENT, UNCERTAINTY RULES MARKET; GOLD IN A BULL MARKET? Conventional wisdom was that, with all signs pointing to an agreement between Democrats and Republicans on raising the federal debt limit, the market would see a boost as business and investor confidence increased. However, today’s reality was that after a brief rally this morning, stocks ended low in the face of uncertainty over whether the terms of the debt deal... Read More

Mid-Day Gold & Silver Market Report – 8/1/2011

DEFAULT FEARS WANE, DOWNGRADE FEARS INTENSIFY A Congressional vote is expected to take place later this afternoon over raising the debt ceiling and is expected to pass with strong bipartisan support. Most markets, global and national, are showing signs of relief by dodging the default concerns from the debt ceiling deadline of August 2.The default concern may be alleviated to ... Read More

Morning Gold & Silver Market Report – 8/1/2011

CONGRESS TO VOTE ON DEBT CEILING DEAL President Barack Obama and congressional leaders came to an agreement on a deal to raise the U.S. debt ceiling  over the weekend.  The deal still has to pass the House of Representatives and the Senate to take effect, and a vote is expected later today.  For now, attention is focused... Read More

Closing Gold & Silver Market Report – 7/29/2011

VOTE ON GOP DEBT PLAN SET FOR 6:00PM TODAY; GOLD FUTURES REACH RECORD HIGH Republican lawmakers have announced that a Congressional vote on House Speaker Boehner’s debt limit plan will take place this evening at 6:00pm ET, with House Majority Leader Eric Cantor saying that the GOP has enough votes to pass it. However, leaders in the Democratic-control... Read More

Mid-Day Gold & Silver Market Report – 7/29/2011

CAN U.S. CONGRESS COMPROMISE? WORLD AWAITS Bipartisan efforts are increasing today, with a vote on John Boehner’s revised plan expected to take place later today. There was concern there would not be enough votes to pass the previous edition yesterday afternoon. John Boehner’s plan is up for consideration, as is a proposal from Harry R... Read More

Morning Gold & Silver Market Report – 7/29/2011

MAJOR DEBT CEILING VOTE CANCELLED, MEETING DEADLINE AN UNCERTAINTY A vote on House Speaker John Boehner’s deficit-reducing debt ceiling deal was cancelled yesterday, after Boehner failed to garner enough support from his fellow Republicans.  In any case, the Senate was prepared to vote down the bill, however from there the... Read More

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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